KR hosts design research presentation [General]
The '50th research presentation on shipbuilding and offshore design' was held during February 21-22 at Dong-Eui University, Busan Metropolitan City, Korea, under the auspices of the Korean Register of Shipping (KR).  Since its establishme...
2019-02-28 08:31:44
"Profit from scrubber might not be big" [Equipment]
Some industry players expect that shipowners which invest in scrubber installation may see poor returns, resulting from the fuel price spread less than they expected. As the global sulfur cap rule of the International Maritime Organization (IM...
2019-02-28 08:30:46
"Concerns grow over sale of DSME" [General]
South Gyeongsang Province of Korea announced on February 27 that a petition on concerns over job insecurity and so on was delivered to the Ministry of Trade, Industry and Energy (MOTIE), the Ministry of Economy and Finance (MOEF), the Korea Devel...
2019-02-28 08:30:22
Mitsui E&S won a Kamsarmax deal [Shipbuilding]
Kassian Maritime Navigation has ordered a mid-sized bulker at Mitsui E&S Shipbuilding of Japan, sources told. It is said that Pappadakis-led Greek shipowner has placed an order for an 87,000-dwt widebeam Kamsarmax vessel at Mitsui E&S....
2019-02-28 08:29:32
IMO to insert exemption clauses in HFO ban [Shipping]
IMO’s recent meeting approved policies to allow the use of conventional HFO after January 1, 2020, if the concerns about the safety and quality of compliant fuel are legitimate and valid. Recently concerns are spreading in the market that ca...
2019-02-27 16:21:26
EPIK-Hyundai tie for FSRU venture [Shipping]
Korean startup EPIK (Energy Projects and Infrastructure Korea) and Hyundai LNG Shipping have formed a strategic partnership to cooperate in global FSRU projects. EPIK Managing Director Jee Yoon commented that the partnership would be a signifi...
2019-02-27 16:05:39
KDB Chairman advocates DSME sale [General]
KDB Chairman Lee Dong-geol describes the ongoing acquisition of Daewoo Shipbuilding & Marine Engineering (DSME) by Hyundai Heavy Industries (HHI) as ‘the last chance.’ At a press conference on February 26, Lee said that the disposal of...
2019-02-27 15:58:34
India's ABG Shipyard close to liquidation [General]
ABG Shipyard in India seems to face liquidation. The privately-run shipyard’s committee of creditors has recently voted in favour of liquidation of the company, foreign media and industry sources report. Lenders have rejected bids by UK m...
2019-02-27 15:43:54
Kor-Rus JV aims for fishing vessel newbuilding in Russia [Shipbuilding]
HK Shipbuilding of Korea has established a shipbuilding joint venture with Slavyanka Shipyard under Berkut Group of Russia to enter the fishing vessel market in the Russian Far East region. The signing ceremony was held on February 25. The two...
2019-02-27 14:43:43
Gimi FLNG ready to float [Offshore]
Golar LNG Limited ("Golar" or "the Company") (NASDAQ: GLNG) announces that Gimi MS Corporation ("Gimi MS"), a newly incorporated subsidiary of the Company, has entered into a 20-year Lease and Operate Agreement ("LOA") with BP for the charter of ...
2019-02-27 11:27:36
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